The Preliminary Budget closes the $2.88 billion budget gap projected in November, on the strength of an expected $2.77 billion surplus in FY 2022, derived primarily from $1.60 billion in additional tax revenues and savings of $866 million from the Program to Eliminate the Gap (PEG).
Challenges to a full economic recovery remain. New York City was hit earlier and harder by the pandemic and has experienced a disproportionate share of the impact.
New York City begins fiscal year (FY) 2024 with a stronger economy than many predicted just six months ago. While growth in the city is expected to slow this year compared with FY 2023, fears of recession have tamed considerably.
Fiscal Year 2023 begins in a period of significant economic uncertainty. There are meaningful signs of continued recovery from the pandemic, with jobs at 96% of pre-pandemic levels, tourism and Broadway rebounding, record numbers of new business applications, and tax revenues coming in...
The City of New York is at a pivotal fiscal moment. Tax revenues for the current fiscal year are coming in far above projections, yielding a substantial surplus; however, neither the Mayor’s Office nor the Comptroller’s Office expect this trend to continue.
New York City Mayor Eric Adams and New York Attorney General Letitia James announces the takedown of a massive retail theft operation in New York City that stole and resold millions of dollars in goods.
Office of the New York City Comptroller’s (Comptroller’s Office) Claims Report for fiscal year (FY) 2018, covering July 1, 2017 through June 30, 2018. This report examines claims filed against and on behalf of the City of New York, outlining trends by claim type.
This Citywide Statement of Needs FY 2025/2026 contains agency proposals to establish, replace, consolidate, expand, or close City facilities during the next two fiscal years.
This Citywide Statement of Needs FY 2024/2025 contains agency proposals to establish, replace, consolidate, expand, or close City facilities during the next two fiscal years.
This Citywide Statement of Needs FY 2023/2024 contains agency proposals to establish, replace, consolidate, expand, or close City facilities during the next two fiscal years.
This Citywide Statement of Needs FY 2022/2023 contains agency proposals to establish, replace, consolidate, expand or close City facilities during the next two fiscal years.
This Citywide Statement of Needs FY 2021/2022 contains agency proposals to establish, replace, consolidate, expand or close City facilities during the next two fiscal years.
This Citywide Statement of Needs FY 2020/2021 contains agency proposals to establish, replace, consolidate, expand or close City facilities during the next two fiscal years.
his Citywide Statement of Needs FY 2019/2020 contains agency proposals to establish, replace, consolidate, expand, or close City facilities during the next two fiscal years.
New York City Mayor Eric Adams and New York City Corporation Counsel Sylvia Hinds-Radix announces that the city of New York has filed a lawsuit against the United States Postal Service (USPS).